Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained
Month: October 2024
Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment
GE Healthcare reported a mixed quarter before Wednesday’s opening bell. While revenue slightly missed, an earnings beat along with a number of other positives pushed the stock higher. Revenue rose just under 1% year over year to $4.86 billion in the third quarter, just short the $4.87 billion expected, according to analyst estimates compiled by
The United States Gross Domestic Product is expected to grow at an annualised rate of 3.0% in Q3. The US economy continues to outperform its G10 peers. Investors anticipate the Federal Reserve will reduce interest rates by 25 bps in November. The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate
Australian Dollar’s misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week. More importantly, a rate cut in February now appears more probable than ever. While there are some
The USDCAD has been stretching higher and is extending closer to the high price from 2024 at 1.39458. Move above that level and traders would target the 2022 high at 1.3970. Get above that level and the pair is trading at the highest level going back to 2020. In this video, I outline those topside
It has been the case for a while now, especially with the manufacturing sector in such a dire state. Here’s the estimates for the Q3 GDP releases in key euro area countries this week: Germany -0.3% q/q (previously -0.1%) France +0.3% q/q (previously +0.3%) Spain +0.6% q/q (previously +0.8%) Italy +0.7% q/q (previously +0.9%; revised
Amid the festive season, gold December futures prices opened at a new lifetime high of Rs 79,535/10 grams on Wednesday, gaining Rs 300 or 0.38% while silver opened flat at Rs 98,431/kg, down by 0.3% or Rs 300. Gold prices at MCX had also hit a new high of Rs 79,281/10 grams in Tuesday’s session,
Human resources and technology concept for AI augmenting team work. Leowolfert | Istock | Getty Images The rise of artificial intelligence (AI) has been stunning in both its speed and impact. According to data from Goldman Sachs, investment in AI is expected to reach $100 billion in the U.S. and $200 billion globally by next
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management business. Here are Standard Chartered’s results for the quarter, compared with LSEG SmartEstimate,
The Australian Monthly Consumer Price Index is foreseen at 2.3% in September. Quarterly CPI inflation expected below 3%, but core figures are still seen as too high. The Reserve Bank of Australia will meet in early November to decide on monetary policy. The Australian Dollar could find some near-term demand on higher-than-anticipated CPI readings. Australia
Dollar extended its broad gains today, bolstered by the jump in US 10-year Treasury yield, which surpassed 4.3% as expectations grow for an expansive fiscal agenda following the US presidential election. In parallel, Bitcoin has surged past 70K for the first time since June, driven by speculation that post-election developments could accelerate efforts to expand
The NASDAQ index is trading up 96 points or 0.52% at 18663.79. That takes the price above the July 10 high closing level of 18467.58. On Friday, the price high traded above that level intraday but failed. In trading yesterday, the high price also moved above that high closing intraday and failed (closing near the
USDCAD monthly With two trading days left in October, USD/CAD has a shot at breaking the monthly closing highs in 2016 and 2020. Much of that will depend on key US economic data on Wednesday and Thursday but even if the loonie hangs on, the outlook is worsening in part due to a new housing
Written by , ETMarkets.com| Oct 29, 2024, 09:01:51 PM IST 1/3 Stock Ideas Indian headline indices S&P BSE Sensex and Nifty closed with gains for the second time in a row on Tuesday led by gains in banking and financial stocks which helped them reverse the course in the final hour of trading. The markets traded
Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the
Microsoft will release quarterly results after Wednesday’s closing bell, and with it comes a new reporting structure the company hopes will provide more visibility into its big cloud computing business. Announced in August , and reported this way for the first time this week, Microsoft decided to change which revenue streams fall under its three
HDFCLIFE Elliott Wave technical analysis Function: Larger Trend Higher (Intermediate degree Wave (3), orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy is progressing higher within Minor Wave 3 Grey of Intermediate Wave (3) Orange. Potential upside target is seen towards 797 mark. No change. HDFC Life Insurance daily
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